QUESTION 13 Hallie bought stock in Nolan, Inc., for $35,000 in 2004. She died on Jan. 5, 2020 when the stock was worth $100,000. The stock was worth $90,000 on July 5, 2020. It was distributed to Hallie's sister Betty in accordance with her will on August 3, 2020 at which time it was worth $88,000. The executor of Hallie's estate made the "alternate valutation election." What basis will Betty have in the stock? O $35,000. $100,000. $90,000. $88,000. QUESTION 14 Kyle gave Ronnie a gift of stock in 2020. Kyle's basis in it was $22,000 and it was worth $30,000 at the time of the gift. Ronnie sold it for $31,000. How much gain will he be taxed on? Zero. $1,000. $8,000. $9,000. QUESTION 21 Sarah and Bobby got married in 2019 and file a joint return for 2020. They sold the home they live in together in 2020. Bobby was the sole owner of the home. His basis was $100,000 and it was sold for $660,000. Bobby owned it and lived in it for 20 years. Sarah moved in with him when they got married, but only lived in it for 18 months before it was sold. How much gain is taxed on the sale? $60,000. $250,000. $310,000. $500,000